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issued 17-year bonds 2 years ago at a coupon rate of 9.8 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM
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issued 17-year bonds 2 years ago at a coupon rate of 9.8 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM

User Arcolye
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Answer: The YTM (Yield to Maturity) is 10.5%.

—Sincerely, a Junior in High School.
User Rein Van Leirsberghe
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